Shaqab Abela Catering Service Co. and Atyab agreed to acquire all-share of Amwaj Catering Services Company from Gulf International Services Q.P.S.C..
June 05, 2022
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Shaqab Abela Catering Service Co. and Atyab agreed to acquire all-share of Amwaj Catering Services Company from Gulf International Services Q.P.S.C. (DSM:GISS) on June 6, 2022. Shaqab and Atyab are owned by Manaya Holding Group W.L.L. The potential merger is subject to the completion of a detailed valuation exercise, definitive agreements with the respective shareholders and regulatory approvals, along with other customary closing conditions.
December 29, 2022, The merger is expected to be accomplished during early 2023 subject to all shareholders entering into definitive agreements and proceed to obtain regulatory approvals, along with respective general assembly meeting approvals. As of May 7, 2023, The shareholders of Gulf International Services has approved the deal on March 13, 2023.
Gulf International Services QPSC is a Qatar-based company, which operates as a holding company. It operates in four business segments: Drilling segment, which operates through Gulf Drilling International Insurance Co, that has direct ownership of approximately 15 drilling rigs, which are used to drill wells suitable for oil and natural gas extraction, 1 jack-up accommodation barge and 2 lift boats. Aviation segment , which operates through Gulf Helicopters Company that offers helicopter transportation services, including offshore / onshore transporting, long and short-line load lifting, and seismic support, among others. and Catering segment, which operates through AMWAJ Catering Services Company Limited that offers catering services, cleaning, pest control, manpower supply, and facilities management, among others. Insurance segment, which operates through Al Koot Insurance and Reinsurance Co that offers construction, operations, marine, and medical insurance and reinsurance services.
GULF INTERNATIONAL SERVICES Q.P.S.C. 
